PROVIDENCE, R.I. -- Private Reserve Properties LLC, a Rhode Island property management company, will pay a penalty of $21,857 and perform an additional project valued at $210,000 to settle allegations from the U.S. Environmental Protection Agency that it violated federal lead disclosure laws.

The settlement requires Property Reserve to mitigate lead-based paint hazards in more than 40 residential properties in and around Providence.

In a 2012 complaint, the EPA asserted that Private Reserve Properties violated the Residential Lead-Based Paint Hazard Reduction Act by failing to notify prospective tenants about potential lead-paint hazards in housing owned by the company.